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May 24, 2018
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LOS ANGELES COUNTY NEWS
Archive
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• Joseph Vargas Rejoins Lee & Associates in an Advisory Role
8/28/15
SoCal real estate veteran Joseph M. Vargas has returned to Lee & Associates where he will act in a national advisor role. Based in Los Angeles, Vargas will report to Jeff Rinkov, CEO of Lee & Associates, the largest broker-o...
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• Santa Clarita Industrial Project Sells for $156/sf
8/27/15
A 33.8k sf, multi-tenant industrial project in Santa Clarita traded hands at a price of $5.55 mil, or $156/sf. The three-unit, multi-tenant industrial building is located at 20724 Centre Pointe Pkwy, south of Soledad Canyon R...
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• Two San Fernando Valley Apartment Properties in $11 Mil Deal
8/26/15
A private investor paid $11.25 mil for a two-property multifamily portfolio totaling 62 units ($181.5k/unit) in the San Fernando Valley. The properties are located at at 6115 Whitsett Ave in North Hollywood and 13019 Oxnard S...
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• Work Completed on Four Res Properties at Playa Vista’s Runway
8/26/15
Lincoln Property Company and Phoenix Property Company have finalized construction of the first of four residential properties in the new Runway development, situated in the heart of the burgeoning Playa Vista community on the...
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• San Fernando Valley Office Asset Sells for Near $5 Mil
8/25/15
A fully occupied, 15.8k sf office building located in the northwest San Fernando Valley community of Porter Ranch sold for $4.925 mil ($312/sf). Built in 1985 and located at 11260 Wilbur Ave, the two-story building is situat...
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• Santa Monica Apartment Sales Close at Low Cap Rates of 3.6% or Less
8/24/15
Two recent sales of fully occupied apartment properties in Santa Monica totaled $3.45 mil in deals that closed at or below 3.6 percent cap rates. One of the properties, at 1405 Ocean Park Blvd, closed at a 3.6% cap rate. It...
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• West Los Angeles Apartment Building Sells for $366k/Unit
8/21/15
A 28-unit apartment building in West Los Angeles sold for $10.25 mil, or about $366k/unit. The asset is located at 1309 Amherst Ave, one block from Brentwood. Built in 1972, the two-story apartment building is on 0.5 acres ...
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• County of Los Angeles Renews 50k sf Office Space Near LAX
8/20/15
The County of Los Angeles agreed to a five-year renewal for 50.1k sf of Los Angeles office space in a deal valued in excess of $6 mil ($2.00/sf/mo). The space is within the 10-story, 325k sf JM Eagle building near LAX in Los ...
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• Logix Federal Credit Union Acquires 12 Acres in Santa Clarita for New HQ Facility
8/20/15
Logix Federal Credit Union has acquired a 12-acre vacant parcel in the Valencia Commerce Center in Santa Clarita for development of a new HQ facility. Logix will relocate from Burbank once the new 170k sf project is complete...
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• Live Oak Properties and Westport Capital Partners to Build 72k sf Spec Office Project in El Segundo
8/19/15
Live Oak Properties LLC and Westport Capital Partners LLC, working as a joint venture, have obtained $11.8 mil in construction financing for Trisonic El Segundo, a five-building, 72k sf spec creative office development in El ...
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• Investor Pays $331k/Unit for Hollywood Apartment Property
8/19/15
An eight-unit, non-rent controlled multifamily property in Hollywood sold for $2.65 mil, or $331k per unit. The asset, located at 6123 Eleanor Ave, one block south of Santa Monica Blvd and one block east of Vine St, was purch...
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• Los Angeles Apartment Property Trades Hands in $13 Mil Deal
8/17/15
In a recent Los Angeles apartment sales comp, The Kelsey, a multifamily property situated just west of downtown Los Angeles, sold for $13.1 mil, or $319.5k/unit. The property is located at 1408 West Washington Blvd, north of ...
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• Long Beach Assisted Living Facility Trades for $39k per Bed
8/14/15
Bellagio Manor, a 208-bed assisted living facility in Long Beach, sold for $8.2 mil ($39.4k/bed). The asset, located at 1046 East Fourth St, was purchased by Glen Park at Long Beach Inc. The two-story, 51k sf is situated on ...
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• Barker Pacific Group and LNG Management Purchase Historic Building in Pasadena
8/14/15
A joint venture between Barker Pacific Group and LNG Management has acquired 225 East Colorado, a seven-story, 50k sf historic building in Pasadena. Bank of America provided financing on the deal. Located on the corner of ...
more » 

• DLR Group Leases 35k sf of Downtown LA Office Space
8/13/15
DLR Group has leased 35.4k sf of space at The Bloc, located at 700 S. Flower St in Downtown Los Angeles. DLR Group, an integrated design firm providing architecture, engineering, planning, and interior design, will occupy th...
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• San Fernando Valley Apartment Community Purchased for $11.5 Mil
8/12/15
In a recent San Fernando Valley apartment buy, Plutsky Limited Partnership purchased Villa Toscana, a 49-unit, Mediterranean-style apartment community in Canoga Park, for $11.5 mil ($235k/unit). The buy was financed with a ne...
more » 

• Tishman Speyer Buys 260k sf Office Property in El Segundo
8/11/15
NY-based Tishman Speyer closed on an LA-area office buy, acquiring a 260k sf building in El Segundo. The single-story building, located at 555 S. Aviation Blvd, between El Segundo Blvd and Rosecrans Ave, was purchased from a ...
more » 

• Santa Monica Apartment Property Sells for $417k/Unit
8/11/15
A fully occupied, six-unit apartment property in Santa Monica traded hands at a price of $2.5 mil, or $417k per unit. The property is located at 1820 12th St, a few blocks east of Lincoln Blvd on the south side of the I-10....
more » 

• Greenlaw Partners and Walton Street Capital Spend $106 Mil on Long Beach Office Building
8/11/15
Orange County-based Greenlaw Partners and Chicago-based Walton Street Capital closed on a significant office buy in LA’s South Bay region, paying $106 mil for the World Trade Center in Long Beach. The 575k sf ($184/sf) proper...
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• Target-Anchored Power Center in City of Industry Fetches Over $36 Mil
8/05/15
Puente Hills East, a 195k sf, Target-anchored power center in the City of Industry, was acquired by a local buyer in an all-cash transaction valued at $36.5 mil, or $187/sf. The property was sold by James Campbell Company LLC...
more » 



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